Common questions relating to Penn Lease Extensions
20,000 agreed with the landlord, just attempting to find a Penn lawyers for a lease extension. Our flat has circa 76 yearsoutstanding. How long will this take ?
We have just bought a one bedroom apartment located inPenn and I'm deliberating extending the lease as soon as possible e.g. after 24 months of ownership
I am looking for a lease extension on the lease on my one bed apartment in Penn which will have 58 years outstanding in August. What fees do you charge for this?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
Possibly made a mistake, I am seeking a lawyers in Penn who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to help me with?
I am considering acquiring an auction property and found a studio flat in Penn. It only has a 41 year lease..the seller being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Nationwide Building Society?
We have a ground floor flat in Penn with seventy two years left. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from notional to £300 per year..plus a premium I think of approximately 14k. We have now decided to move forward but do we now have to renegotiate?
We are considering purchasing a maisonette in Penn which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
I'm living with my mum and dad but have a one bedroom apartment in Penn let out which has a 65 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Penn for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
My and my husband know that others in the same building previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of not having formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?